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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 31, 2017
May 31, 2016
Cash provided (used) by operating activities:    
Net income $ 5,868 $ 19,026
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,797 10,956
Amortization of financing costs 325 290
Provision for doubtful receivables (37) 347
Non-cash share-based compensation 3,191 5,614
Non-cash intangible asset impairment charges 36,000 7,400
Loss on the sale or disposal of property and equipment (10) 20
Deferred income taxes and tax credits (12,174) (3,458)
Changes in operating capital, net of effects of acquisition of business:    
Receivables 22,170 20,524
Inventories (22,903) (11,160)
Prepaid expenses and other current assets (1,182) (3,393)
Other assets and liabilities, net (2,725) (4,934)
Accounts payable 24,713 4,819
Accrued expenses and other current liabilities (20,954) (7,021)
Accrued income taxes (1,336) 2,706
Net cash provided by operating activities 41,743 41,736
Cash provided (used) by investing activities:    
Capital and intangible asset expenditures (13,027) (5,154)
Proceeds from the sale of property and equipment 13 2
Payments to acquire businesses, net of cash acquired   (209,258)
Net cash used by investing activities (13,014) (214,410)
Cash provided (used) by financing activities:    
Proceeds from line of credit 131,200 100,200
Repayment of line of credit (157,600) (129,100)
Repayment of long-term debt (5,700) (3,800)
Payment of financing costs   (14)
Proceeds from share issuances under share-based compensation plans 3,580 3,127
Payment of tax obligations resulting from cashless share award settlement (6,788) (424)
Net cash provided (used) by financing activities (35,308) (30,011)
Net increase (decrease) in cash and cash equivalents (6,579) (202,685)
Cash and cash equivalents, beginning balance 23,087 225,800
Cash and cash equivalents, ending balance $ 16,508 $ 23,115